Meredith (NYSE:MDP) is scheduled to release its earnings data before the market opens on Monday, February 11th.
Meredith (NYSE:MDP) last released its quarterly earnings results on Friday, November 9th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.32) by $0.54. Meredith had a return on equity of 13.08% and a net margin of 3.18%. The firm had revenue of $756.70 million for the quarter, compared to the consensus estimate of $751.33 million. During the same quarter last year, the business posted $0.73 EPS. The company’s revenue for the quarter was up 92.6% on a year-over-year basis. Get Meredith alerts:
MDP opened at $52.52 on Friday. Meredith has a 1 year low of $47.30 and a 1 year high of $62.40. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 20.68 and a beta of 1.14. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.52 and a current ratio of 1.57. The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 28th will be paid a $0.575 dividend. This is an increase from Meredith’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $2.30 annualized dividend and a dividend yield of 4.38%. Meredith’s dividend payout ratio (DPR) is currently 85.83%.
Several research firms have issued reports on MDP. Zacks Investment Research downgraded Meredith from a “hold” rating to a “sell” rating in a research note on Wednesday. Benchmark reissued a “buy” rating and issued a $70.00 price target on shares of Meredith in a research note on Monday, December 17th. Citigroup lifted their price target on Meredith from $61.00 to $67.00 and gave the company a “buy” rating in a research note on Thursday, November 29th. TheStreet upgraded Meredith from a “c+” rating to a “b-” rating in a report on Tuesday, November 27th. Finally, Wolfe Research began coverage on Meredith in a report on Friday, December 7th. They issued a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Meredith presently has an average rating of “Buy” and an average price target of $63.00.
In other news, Director Frederick B. Henry sold 1,057 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $57.45, for a total value of $60,724.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, CFO Joseph H. Ceryanec sold 4,658 shares of the firm’s stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $58.10, for a total value of $270,629.80. Following the completion of the transaction, the chief financial officer now owns 2,226 shares of the company’s stock, valued at approximately $129,330.60. The disclosure for this sale can be found here . Insiders sold a total of 18,610 shares of company stock valued at $1,081,858 in the last 90 days. 4.70% of the stock is owned by corporate insiders.
Meredith Company Profile
Meredith Corporation operates as a diversified media company in the United States, Europe, and Asia. It operates in two segments, National Media and Local Media. The National Media segment offers national consumer media brands through various media platforms, including print magazines, digital and mobile media, brand licensing activities, database-related activities, affinity marketing, and business-to-business marketing products and services. Meredith Meredith